On the 15 minute timeframe, has tapped into the 15 minute OB.
Ideally during Asian Open, price might come lower into the 5 minute OB which is still unmitigated.
2 Scenarios i am looking to take advantage off.
1) If price decides to respect the 5 minute OB at 194.941 and create a bullish CHOCH with a body candle close.
2) If price action breaks below the 15 minute OB, then we have a 15 minute bearish CHOCH. I will look for a break and retest to continue lower towards the 194.000 level
Ideally during Asian Open, price might come lower into the 5 minute OB which is still unmitigated.
2 Scenarios i am looking to take advantage off.
1) If price decides to respect the 5 minute OB at 194.941 and create a bullish CHOCH with a body candle close.
2) If price action breaks below the 15 minute OB, then we have a 15 minute bearish CHOCH. I will look for a break and retest to continue lower towards the 194.000 level